Hercules appreciation rates and housing market information
Hercules housing market information
With a population of 24,682, 8,115 total housing units (homes and apartments), and a median house value of $432,214, real estate costs in Hercules are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Hercules, accounting for 63.56% of the city's housing units. Other types of housing that are prevalent in Hercules include row houses and other attached homes (16.95%), large apartment complexes or high rise apartments (12.78%), and a few duplexes, homes converted to apartments or other small apartment buildings (6.49%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hercules. Owner-occupied housing accounts for 79.98% of Hercules's homes, and 62.59% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hercules built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hercules built between 2000 and later (24.91%). A lesser amount of the housing stock also hails from between 1940-1969 (3.85%). There's also some housing in Hercules built before 1939 (1.06%).
Hercules home appreciation rates
Appreciation rates for homes in Hercules have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 19.93%, which ranks in the top 40% nationwide. This equates to an annual average Hercules house appreciation rate of 1.83%.
Appreciation rates are so strong in Hercules that despite a nationwide downturn in the housing market, Hercules real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hercules appreciation rates continue to be some of the highest in America, at 19.85%, which is higher than appreciation rates in 97.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hercules. Hercules appreciation rates in the latest quarter were at 3.21%, which equates to an annual appreciation rate of 13.48%.
Importantly, this makes Hercules one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Hercules's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hercules differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hercules - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Hercules real estate investment or home purchase decisions.